AUTOS
From Times Staff and Wire Reports
GM to Take Charge Against 1994 Earnings: General Motors Corp. announced it will take a $758-million hit against 1994 earnings to adopt a new accounting standard. GM officials say that despite the heavy onetime financial blow, they plan to be profitable this year. The No. 1 U.S. auto maker posted $2.5 billion in 1993 profits after years of staggering losses. The $758-million charge, or $1.05 per share, will be taken in the first quarter of 1994.
